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Archive of posts tagged Media General

As LIN Media and Media General work towards merging together in order to form the second-largest TV broadcasting company in the United States, Berkshire Hathaway continues to make a considerable amount of money off of a newspaper deal that it made with the company back in 2012. In 2012 during the month of May, Berkshire …

During 2012, billionaire investor Warren Buffett put in a bid to buy a United States newspaper in the southeast. This was a mere three years after he mentioned that Berkshire Hathaway, his most influential holding company, no longer had any interest in investing in newspapers “at any price.” “Very smart people looked at Buffett’s offer …

According to a number of reports in the media, the chairman and CEO of Berkshire Hathaway, Warren Buffett, recently announced that he is buying another newspaper by the name of the Tulsa World. The newspaper has a daily sales volume of 95,000. Not a bad sales volume and it fits in with Buffett’s local newspaper …

Media General Inc. is a TV broadcasting company currently backed by Warren Buffett and Mario Gabelli. The company agreed to merge with New Young Broadcasting Holding Co., and shares of the stock rose by a whopping 34%. This stock deal places an $870 million value on both companies. Media General is the current owner of …

BH Media Group, a subsidiary of Warren Buffett’s Berkshire Hathaway, is currently buying the Tulsa World, we learned from Steve Jordan. The terms of the sale have not been disclosed as of yet. The Lorton family has owned the Tulsa World newspaper “for four generations,” writes Jordan. It’s been nearly a month since Warren Buffett …

According to a report from Steve Jordan, BH Media Group, owned by Warren Buffett, has purchased the Greensboro News & Record from a company called Landmark Media Enterprises. BH Media Group is a division of Berkshire Hathaway, and they recently purchased this newspaper from Landmark Media Enterprises for an undisclosed amount. Landmark is based in …

Mister Warren Buffett is currently thinking about purchasing at least one of Tribune Company’s newspapers in the near future. When on The Morning Call in Allentown Pennsylvania, Warren Buffett told them that “Allentown is our kind of place,” when he was responding to a question about whether or not Berkshire Hathaway would be interested in …

Contrary to popular belief, Warren Buffett isn’t going to let one troubled newspaper diminish his view of buying what many experts in the media consider the fossils of the news business. Buffett actually plans to buy more newspapers, even though he recently told us that he’s going to shut down one of the newspapers that …

Ted Weschler is already proving his value to Berkshire Hathaway as much more than a stock picker. He has a knack for finding value in distressed companies. Since Ted joined Berkshire Hathaway this past January, the former hedge fund manager, at 51 years old, has already gone above and beyond the call of duty. He’s …

During the month of June, Warren Buffett raised some eyebrows when the news told us that he was purchasing 63 newspapers from media conglomerate Media General. There were two different camps in regards to this purchasing decision. Some people thought that Warren Buffett finally lost his mind. While others believed that he noticed an opportunity …

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